Monday, March 13, 2017
1990s buzz-words: Where are they now?
Benchmarking - The practice of using a Sharpie to mark where you sit every morning as you peruse the paper for jobs.
Best practices - A Cargo cult that attempts to achieve superior results by aping the processes of their betters.
Beyond loyalty - The thumb-drive that means that you will never go down alone.
BPR - Blue Pabst Ribbon...gimme a nudder
Contingency workforce - See outsourcing
Core products - iWhatever
Teams - Like a committee but filled with minions who can be blamed for bad outcomes.
Intrapreneuring - A way of promoting growth by lavishly spreading "fertilizer" within the organization. Just wash your hands afterward
Virtual corporation - producing virtual profit for everybody but the broker offering the IPO. He gets real profits.
Outsourcing - The practice of handing all of your markets and technical prowess to low cost producers in other countries. Fifteen years later they will buy your remaining trademarks.
Cutting edge - Bleeding edge
Theory Z - Dare we say....Zombies?
Synergy - An excuse to enter a market that will justify previous mal-investment, thereby providing incentive to double-down on that mal-investment. Example: A steel company getting into coal gasification as a way to amortize coke ovens.
Paradigm - Twenty cents